OPERATING MARGIN INCREASED BY 23% in H1 2019
Following the false rumours of recent days about its financial performances, the group states that:
- Germany improved its operating margin by 40bps to 7.7% in the first half of 2019. The evolution of the automotive R&D strategy in Germany is leading to a wait-and-see approach by OEMs on traditional activities. AKKA, however, benefits from its strong digital positioning that supports its growth and its margins.
- The four business units – France, Germany, North America and International improved their margin in the first half of 2019. The Group’s operating margin* increased by 23% to €60.0 million in the first half of 2019.
- Thanks to its strong first half and to its order backlog, AKKA confirms all of its 2019 and 2022 objectives and will publish its 2019 half-year results on Tuesday, September 10th after the market close.
Publication of H1 2019 Results: Tuesday, 10 September 2019
Publication of third-quarter 2019 revenue: Thursday, 7 November 2019
Publication of fourth-quarter 2019 revenue: Thursday, 6 February 2020
* Operating profit after IFRS 16 calculated before non-recurring items and costs related to stock options and free shares.
In case of discrepancy between the French and English versions of the press release, only the French version shall be deemed valid.